Better Business Decisions Using Cost Modeling

Victor E. Sower, Christopher H. Sower

ISBN 10: 1631570676 / ISBN 13: 9781631570674

Published by Business Expert Press, US, 2015

About this Item

This book provides the business professional a concise guide to the creation and effective use of both internal and external cost models. Development of internal cost models is discussed with illustrations showing how they can be deployed to assist in new product development, pricing decisions, make-or-buy decisions and the identification of opportunities for internal process improvement projects.The creation and use of external cost models are discussed providing insight into how their use can drive collaborative improvement efforts among supply chain partners, better prepare for price negotiations, and keep negotiations focused on facts rather than emotions-all while allowing for future discussions with preferred suppliers to focus on more strategic and operational improvement initiatives, and less on pricing. A number of detailed cost model examples are provided to educate on both how cost models are constructed, and to demonstrate how they have been effectively deployed.

Seller Inventory # LU-9781631570674

Bibliographic Details

• Title: Better Business Decisions Using Cost Modeling
• Publisher: Business Expert Press, US
• Publication Date: 2015
• Language: English
• ISBN 10: 1631570676
• ISBN 13: 9781631570674
• Binding: Paperback
• Edition: Second Edition.
• Condition: New
• Dimensions: 15.24W x 1.04H x 22.86D centimeters 15.24 centimeters width by 1.04 centimeters height by 22.86 centimeters depth
• Weight: 268 grams

About this title

Synopsis

This book provides the business professional a concise guide to the creation and effective use of both internal and external cost models. Development of internal cost models is discussed with illustrations showing how they can be deployed to assist in new product development, pricing decisions, make-or-buy decisions and the identification of opportunities for internal process improvement projects. The creation and use of external cost models are discussed providing insight into how their use can drive collaborative improvement efforts among supply chain partners, better prepare for price negotiations, and keep negotiations focused on facts rather than emotions--all while allowing for future discussions with preferred suppliers to focus on more strategic and operational improvement initiatives, and less on pricing. A number of detailed cost model examples are provided to educate on both how cost models are constructed, and to demonstrate how they have been effectively deployed.

About the Author

Emeritus, Sam Houston State University